COTP stands for “Cryptos OTC Buying and selling Platform”. It’s an MLM firm that operates within the crypto area of interest.
COTP gives no credible firm possession or government data on its web site.
As an alternative COTP gives made-up executives represented by inventory images:
Regardless of COTP’s CEO being “Jane Jenny” above, COTP’s sole advertising video presents one other CEO actor:
COTP can’t appear to get their lies straight although. Dariush’s script requires him to introduce himself as COTP’s “Technical Director”.
In an try to look legit, COTP gives a FINCEN certificates for an MSB registration.
These are sometimes utilized for by offshore scammers utilizing bogus particulars. On this case COTP has used a shell firm incorporation in Colorado.
Cryptos OTC Buying and selling Platform was integrated with bogus particulars on 14th October, 2021.
For reference, Feng Yan is cited as the corporate proprietor. This individual probably doesn’t exist.
The handle used to include COTP in Colorado, which additionally seems on their MSB registration, belongs to an unrelated mail forwarding service (i.e. digital handle).
For the aim of MLM due-diligence, primary incorporation and something from FINCEN is meaningless.
Perusal of COTP’s web site source-code reveals the positioning is designed with Chinese language in thoughts:
This strongly suggests whoever is operating COTP relies out of or, on the very least, has ties to China or a neighbouring nation.
Alexa presently ranks the US as the one notable supply of site visitors to COTP’s web site (25%).
COTP runs two web sites on the domains “cotps.com” and “cotps.web”.
COTP’s .COM area was first registered again in 2019. The area was bought by its present proprietor(s) on February eighth, 2022.
COTP’s .NET area was first registered on October 2nd, 2021. The registration was final up to date with an incomplete handle in Singapore on February ninth, 2022.
As all the time, if an MLM firm just isn’t brazenly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
COTP’s Merchandise
COTP has no retailable services or products.
Associates are solely capable of market COTP affiliate membership itself.
COTP’s Compensation Plan
COTP associates make investments tether on the promise of a ROI.
Returns are paid each 2 hours, with associates required to manually make investments if the utmost each day return is to be realized.
COTP don’t present particular ROI charges however promoters most each day returns at 3% to 4%.
COTP pays referral commissions on invested tether down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 15%
- stage 2 – 10%
- stage 3 – 5%
Becoming a member of COTP
COTP affiliate membership is free.
Full participation within the hooked up revenue alternative requires funding in tether.
The reinvestment minimal quantity is 9 USDT. I consider that is additionally the preliminary minimal funding quantity.
COTP Conclusion
COTP is a straightforward Ponzi scheme that seems to be run out of south-east Asia.
Associates enroll, make investments cryptocurrency and earn numbers on a display screen each 2 hours.
Returns aren’t realized till withdrawals are made, paving the way in which for earlier traders to steal the majority of subsequently invested funds.
COTP deploy the standard buying and selling Ponzi ruse:
COTP is a blockchain OTC and cryptocurrency change platform.
We offer customers with a extra free and safer buying and selling surroundings, use AI clever algorithms to match customers with one of the best orders.
COTP gives no verifiable proof it’s engaged in buying and selling. Such proof can be audited monetary stories filed with monetary regulators.
Shell firm incorporation, FINCEN certificates, backoffice numbers on a display screen and YouTube movies should not an alternative to this authorized requirement.
COTP additionally fails the Ponzi logic check. If COTP’s proprietor(s) truly had a buying and selling bot able to hitting 3% to 4% a day, they’d quietly use it themselves.
By means of compounding, at 3% to 4% a day it doesn’t take a lot to show even a modest capital right into a fortune.
As an alternative they’re offering anybody with an web connection entry, which after all is senseless.
Throw in securities fraud and inventory photograph executives – COTP is a traditional MLM crypto Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve COTP of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.
Replace twenty fourth Could 2022 – COTP has formally collapsed.